PARIS OLYMPIC GAMES
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production from the Awoba Field, which last contributed production to the Bonny Terminal in 2021.
It was finally shut down in February 2022 due to evacuation issues and crude oil theft.
In a press statement by the Chief Corporate Communications Officer, Mr. Olufemi Soneye, on Tuesday, he pointed out that since the restart of the Awoba field by NNPC Ltd. and its partners on April 13, 2024, production from the field has averaged 8,000 barrels per day and is expected to plateau at 12,000 per day at full ramp-up within 30 days.
Awoba will also significantly boost the gas supply to the power sector and other gas-based industries.
The Awoba Unit, which straddles OMLs 18 and 24, is located in the mangrove swamp south of Port Harcourt, Rivers State. NNPC Upstream Investment Management Services (NUIMS) manages both OML 18 and OML 24 assets.
NNPC Ltd. has been recording a string of production successes from the JV portfolio, which have significantly lifted overall national production.
Besides the recent start of production at the Madu Field by NNPC Ltd./First E&P JV, the company has resumed production at OMLs 29 and 18 in late 2023, which have steadily contributed an average of 60,000 bpd to the nation’s production output since their restart.
Speaking about the development, Mallam Mele Kyari, Group Chief Executive Officer of NNPCL, attributed the achievement to the President Bola Ahmed Tinubu administration’s success in providing an enabling operating environment for businesses to thrive.
He expressed appreciation to all stakeholders – staff, operators, host communities, government security agencies, and private security contractors – who played a pivotal role in achieving the feat.
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